How do you Differentiate Yourself from Your Competition?
One of the frequent concerns we all hear from businesses in the service industry is their struggle to attract more customers due to competition from others offering similar services at lower prices. So, if you're a business owner committed to growth, what can you do to navigate this hurdle without resorting to undercutting your prices? First and foremost, it’s essential to recognize that if the only thing setting you apart is your price, potential customers will naturally gravitate toward the cheaper option. After all, who would willingly pay more for the same service? The real key to overcoming this pricing challenge is to highlight what makes your products and services unique in the eyes of your potential customers. So, what strategies are you using to draw new clients through your doors?Do Electrical Contractors own a business or job?
A lot of guys say they “work for themselves.” But when I ask who controls their schedule — it’s the customer. When I ask what happens if they take a day off — the work stops. And if they stop answering the phone — the leads disappear. That’s not a business. That’s a job with more pressure. I built this visual because I lived it. The truth is: most contractors don’t own their time, they just own the stress. So I came to the conclusion: If you stop working and your income stops too… You don’t own a business ... you just own your own job. How do you guys feel about that ?Thinking of selling your business? Here’s how to build a business that’s worth buying
Buyers aren’t just buying your cool brand or logo. They’re buying for profit, strong systems, and a business that can run without you. 👇 Watch the latest Masters of Home Service episode as Forrest Derr and Daniel Dixon share what makes a business sellable 👇 🤔 Question for you: If you’ve thought about selling, what do you think would be the hardest part? Delegating, organizing financials, or stepping back from the business? Never miss an episode of Masters of Home Service. Subscribe on Apple, Spotify, or wherever you get your podcasts.
Can we be real? What do you do on the days/weeks you just want to quit?
Occasionally, I will have days or weeks I just want to give up. I'm 9 years in. I have had a lot of ups and downs. I have learned hard lessons. I have experienced big wins and losses. And every once in a while I feel defeated. I try everything to grow and make my business better and then I find myself taking steps backwards and feeling exhausted over the thoughts of having to build something again. This could be team members leaving that I invested in, money I saved that I now have to spend on repairs, or unexpected losses, and the list goes on. We all have those days we feel like we just don't have what it takes to actually make it. What do you do? How do you keep moving forward? Share some hopeful stories. Share the worst stories and how you overcame. I don't want to hear how you just win all the time. Tell me the stuff that made you sleepless, the stuff that made you cry, and that stuff that you thought you just couldn't rise from. I need some encouragement that even when I think the worst is happening I can still overcome and keep moving forward and win!When cash is tight, do you double down on marketing or pull back?
In this episode of Masters of Home ServiceDaniel Dixon joins Adam to share three growth tactics to help maximize revenue. One piece of advice they both agree on is to keep the foot on the gas for your marketing efforts even during slow periods. Agree? Disagree? Check out the full episode below. Never miss an episode of Masters of Home Service. Subscribe on Apple, Spotify, or wherever you get your podcasts.
Minutes & Opportunities: How do they matter?
At the start of my journey in the service industry, an experienced mentor imparted a crucial piece of advice: “The service industry is all about minutes & opportunities” Back then, I struggled to grasp its full meaning, being young and still relatively new to both the industry and the complexities of life. He elaborated that in the service business, each minute counts. If you don’t seize opportunities, someone else will. If you neglect to track your time, you’ll find yourself adrift. If efficiency escapes you, survival may not be in the cards. As he shared his wisdom, the pieces began to fit, though it took years and the launch of my own company for me to truly understand the depth of his words. Do you track the minutes in your company? Did you find any valuable information from doing so? Opportunities often present themselves more than once – but only a handful of times Embrace the chances that come your way. Quote every project (within your expertise) that crosses your desk. Pursue every lead and respond to calls promptly. There’s wisdom in the saying, “The early bird gets the worm.” Generally, being the first contractor to return a call and provide a quote significantly boosts your odds of landing that job. If you begin to decline quotes, you might find opportunities dwindling. Potential clients don’t appreciate wading through mediocre offerings, so make sure to deliver exactly what they want right from the start. What steps have you taken in your company to ensure that calls are answered and emails are responded to promptly? Do you quote everything within your scope of work that comes in?$1K Home Depot Giftcard Giveaway 🔥🛠️
Have you registered for Jobber Now to get an exclusive first look at Jobber's newest features on September 25th? ✨👀 All registrants have a chance to win a $1,000 gift card to The Home Depot! 🧰 DOUBLE your chances of winning by commenting below to tell us about your business's biggest WIN so far this year! You'll receive an extra entry into our draw for this gift card. 🙌 Terms & Conditions
How can blockchain help small businesses build client trust?
One thing every service-based entrepreneur struggles with is trust making sure clients believe in the fairness, transparency, and reliability of the business. I recently started reading about how blockchain is being used beyond crypto, especially in areas like contracts, payments, and record-keeping. The idea that you can create a system where transactions or agreements are unalterable and transparent feels powerful for small businesses that depend on reputation. For example, smart contracts could ensure that project milestones or payments are automatically enforced without manual chasing. I came across a case study from Pixel Web Solutions, a blockchain development company, that explained how businesses can even design custom blockchain systems for their specific needs. It made me think maybe blockchain isn’t just for big enterprises, but could be applied in smaller-scale service businesses too. Has anyone here experimented with blockchain tools for contracts, invoicing, or payments in their business? Would love to hear if it’s actually practical or still too early.What motivated you to start your business? This young entrepreneur shares his story
At the 01:11 mark of this episode of the Masters of Home Service, Zech Osburn (who started his business right out of high school) says he started out of necessity as he had to move out of his parents’ house and start paying rent. What motivated you to start your business? Was it survival, opportunity, or something else? Never miss an episode of Masters of Home Service. Subscribe on Apple, Spotify, or wherever you get your podcasts.
